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EU Clears Cypriot Plan To Fold Bank With €6B In Bad Loans

By Joanne Faulkner (June 20, 2018, 3:22 PM BST) -- The European Commission has approved a Cypriot government plan to inject €3.5 billion ($4 billion) into the country's second-largest lender to facilitate its liquidation, which will see some of its assets and deposits sold off to fellow national lender Hellenic Bank PCL....

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